By FitLife Brands, Inc. (FTLF)
FitLife Brands (NASDAQ:FTLF) said the U.S. Bankruptcy Court for the District of Nevada approved its acquisition of substantially all the assets of MusclePharm.
The purchase price for the deal is $18.5M and will be funded by using cash on hand and the proceeds of a new committed $10M term loan.
The all-cash deal is expected to be highly accretive to existing shareholders once all transaction related costs have been met.
https://fitlifebrands.com